Gold prices surge by ₹600 per sovereign

The price of gold saw a significant surge on Wednesday morning (June 11, 2025), bringing fresh attention from investors and jewellery buyers alike. As per the latest market updates, the rate of gold increased by ₹600 per sovereign. With this hike, the price of 22-karat ornamental gold stands at ₹72,160 per sovereign (8 grams), and ₹9,020 per gram, reflecting a ₹75 increase per gram compared to the previous rate. In the case of pure gold (24-karat), the rate has touched ₹9,840 per gram, marking a continued upward trend in precious metals. Meanwhile, silver prices have also seen an uptick. One kilogram of silver is now priced at ₹1,19,000, while the rate per gram stands at ₹119. Market experts attribute the rise in gold and silver prices to global economic uncertainty, shifting investor sentiment, and fluctuations in the international bullion market. With the wedding season and festive purchases around the corner, the latest price increase could impact retail buying and jewellery demand in the short term. Traders and customers alike are closely monitoring the trends for further changes in the coming days. @@@@